Qualcomm Backs Crowdsourced Traffic Data Firm

San Diego-based Qualcomm, via its Qualcomm Ventures venture capital arm, has backed a provider of crowdsourced traffic data. According to Palo Alto-based Waze Wednesday, Qualcomm was a strategic investor in the firm's latest, $25M fundraising effort. The round was led by Blue Run Ventures, Magama, and Vertex. Waze develops mobile applications for iPhone, Android, and other platforms which collects traffic data from users, and shares that with others. More information »